The overall trend is upward. The descending pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals an oversold condition.
Trading recommendations:
Buy when an ascending wave pattern is formed, where the wave (aC) breaks through the inclined channel of the descending truncated pattern.
Stop Loss: 134.00. …
Friday, December 4th, today’s news—German factory orders in October surpassed the pre-pandemic levels. European and Asian markets rise on the US stimulus hopes, China's export and import growth continues to gain pace, gold and oil are up, the weakest job data in six months is expected in the US. The …
The currency pair is testing the lower limit of the ascending price channel on the H4 timeframe.
Awesome Oscillator indicator has formed a bullish divergence, and Stochastic Oscillator signals oversold condition on the H1 timeframe. The currency pair is trading in the range of the internal descending price channel. …
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